Bank of America Corp DE Buys 79,275 Shares of Clearfield, Inc. $CLFD

Key Points

• Bank of America acquired 79,275 Clearfield shares worth approximately $3.15 million in the second quarter, representing 0.58% of the company; institutional investors and hedge funds collectively own 88.73% of the stock.
• Clearfield reported quarterly EPS of $0.22, exceeding the $0.19 consensus estimate, while revenue of $43.86 million was slightly below expectations. The company guided for fiscal 2026 EPS of $0.14–$0.21.
• Analysts maintain a generally positive outlook, with five Buy, one Hold, and one Sell rating. The consensus rating is Moderate Buy, with a target price of $41.75 versus a recent share price of $30.46.

Bank of America Corp DE purchased a new stake in Clearfield, Inc. (NASDAQ:CLFD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,275 shares of the communications equipment provider's stock, valued at approximately $3,154,000. Bank of America Corp DE owned 0.58% of Clearfield at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Drum Hill Capital LLC lifted its position in shares of Clearfield by 2.7% in the 1st quarter. Drum Hill Capital LLC now owns 51,276 shares of the communications equipment provider's stock worth $1,357,000 after acquiring an additional 1,364 shares during the period. Cetera Trust Company N.A acquired a new stake in shares of Clearfield during the 2nd quarter worth approximately $80,000. Legal & General Group Plc bought a new stake in shares of Clearfield during the second quarter valued at approximately $89,000. State of Wyoming bought a new stake in shares of Clearfield during the second quarter valued at approximately $96,000. Finally, Lotus Technology Management LP acquired a new position in shares of Clearfield in the second quarter valued at $236,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Clearfield Stock Performance

Shares of CLFD stock opened at $30.46 on Wednesday. Clearfield, Inc. has a 52-week low of $23.76 and a 52-week high of $52.73. The stock has a market cap of $413.65 million, a PE ratio of -59.73 and a beta of 2.11. The firm's 50 day moving average price is $29.67 and its two-hundred day moving average price is $33.12.

Clearfield (NASDAQ:CLFD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.The firm had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. As a group, sell-side analysts predict that Clearfield, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLFD has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, August 21st. Lake Street Capital set a $38.00 price objective on shares of Clearfield in a report on Thursday, August 6th. Finally, Needham & Company LLC decreased their target price on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.75.

Clearfield Company Profile

Clearfield, Inc NASDAQ: CLFD develops and manufactures fiber optic connectivity solutions used to build, expand, and maintain broadband networks. Its products are designed to simplify fiber deployment and support high-speed communications infrastructure for telecommunications and broadband service providers.

The company's portfolio includes fiber distribution hubs, cabinets, terminals, enclosures, panels, optical fiber assemblies, and related connectivity components. Clearfield also offers its FieldShield line of ruggedized, craft-friendly fiber products, which are intended to help network operators deploy fiber efficiently in locations such as homes, businesses, and other subscriber premises.

Clearfield serves a range of customers, including wireline telecommunications carriers, cable and broadband operators, municipalities, utilities, government entities, and other organizations involved in fiber network construction.

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